Aside from all the possible counter-arguments, there's an implication here that 300% is a poor rate of return. Tell that to the average stock investor.
+100
Topic: If someone buys Bitcoin today, they'll be lucky to see a 300%+ ROI. - page 5. (Read 17741 times)
March 03, 2014, 09:23:08 AM
+100
March 03, 2014, 08:34:12 AM
I completely agree with you, also I will like to add, that is expensive to get into Bitcoin, to go out a purchase a single BTC is next to impossible.
And yes, Im aware of Coinbase, ect. But Lets I wanted to buy something in the next 20mins or place a Bet on GoWest website, in the next 20mins, If im new, I wouldn't be able to do that.
And yes, Im aware of Coinbase, ect. But Lets I wanted to buy something in the next 20mins or place a Bet on GoWest website, in the next 20mins, If im new, I wouldn't be able to do that.
You will in a couple of months. This is being developed by several parties at the moment. Patience, grasshopper.
And why do you need a whole bitcoin? Buy a fraction of one.
Do you only buy gold by the pound?
March 03, 2014, 08:01:51 AM
If you sodl instead of hodling you are going to have a bad time.
Well, the OP is already a millionaire, so I dont think he will have a bad time
March 03, 2014, 07:01:14 AM
The funny thing is if you present the case that a bitcoin buyer will 'only' see a 300% return on their investment within the next few years to a professional main stream investor, you would only be reinforcing the image that bitcoin is one massive pump and dump scheme. Just because we've seen returns in the thousands of percent doesn't mean it's normal or will be repeated in the future.
March 03, 2014, 06:36:42 AM
If you sodl instead of hodling you are going to have a bad time.
March 03, 2014, 05:40:09 AM
If you sodl instead of hodling you are going to have a bad time.
March 03, 2014, 04:58:51 AM
yes you do make really valid points there, but again who though that bitcoin could go to $1000 in one year when buying at $10 ....
It took $6.8 billion to get from $10 to $500. It would take $63 billion to get to $5000/Bitcoin. A lot of people are counting on Wall St. and institutional investors to make that happen, but $63 billion is A LOT of money, even for Wall St. How likely is it that investors will come up with $63 billion to put into a speculative currency?
$63 billion is peanuts to the global finance industry
Daily transactional volume in FX alone is USD 4 trillion.
March 03, 2014, 04:52:35 AM
I completely agree with you, also I will like to add, that is expensive to get into Bitcoin, to go out a purchase a single BTC is next to impossible.
And yes, Im aware of Coinbase, ect. But Lets I wanted to buy something in the next 20mins or place a Bet on GoWest website, in the next 20mins, If im new, I wouldn't be able to do that.
And yes, Im aware of Coinbase, ect. But Lets I wanted to buy something in the next 20mins or place a Bet on GoWest website, in the next 20mins, If im new, I wouldn't be able to do that.
You will in a couple of months. This is being developed by several parties at the moment. Patience, grasshopper.
And why do you need a whole bitcoin? Buy a fraction of one.
Do you only buy gold by the pound?
Was using it as an Example, but I do place bets much more higher than 1 BTC
March 03, 2014, 04:41:22 AM
I completely agree with you, also I will like to add, that is expensive to get into Bitcoin, to go out a purchase a single BTC is next to impossible.
And yes, Im aware of Coinbase, ect. But Lets I wanted to buy something in the next 20mins or place a Bet on GoWest website, in the next 20mins, If im new, I wouldn't be able to do that.
And yes, Im aware of Coinbase, ect. But Lets I wanted to buy something in the next 20mins or place a Bet on GoWest website, in the next 20mins, If im new, I wouldn't be able to do that.
You will in a couple of months. This is being developed by several parties at the moment. Patience, grasshopper.
And why do you need a whole bitcoin? Buy a fraction of one.
Do you only buy gold by the pound?
March 03, 2014, 03:19:46 AM
I completely agree with you, also I will like to add, that is expensive to get into Bitcoin, to go out a purchase a single BTC is next to impossible.
And yes, Im aware of Coinbase, ect. But Lets I wanted to buy something in the next 20mins or place a Bet on GoWest website, in the next 20mins, If im new, I wouldn't be able to do that.
And yes, Im aware of Coinbase, ect. But Lets I wanted to buy something in the next 20mins or place a Bet on GoWest website, in the next 20mins, If im new, I wouldn't be able to do that.
March 03, 2014, 02:45:42 AM
RIPPLE tries to introduce the IOU concept from the very beginning, and this is a typical trick to scam customers by traditional financial institutions, so I never looked at it again
+1 EXACTLY.
Idiots like OP never really understood bitcoin will be confused Ripple as a currency,... some even call it Bitcoin 2.0
Dumb as fck.
March 03, 2014, 01:55:12 AM
yes you do make really valid points there, but again who though that bitcoin could go to $1000 in one year when buying at $10 ....
It took $6.8 billion to get from $10 to $500. It would take $63 billion to get to $5000/Bitcoin. A lot of people are counting on Wall St. and institutional investors to make that happen, but $63 billion is A LOT of money, even for Wall St. How likely is it that investors will come up with $63 billion to put into a speculative currency?
Well $63 billion isn't that big if for a large cap company. It is entirely possible. However, $63 billion is tiny compared to something like gold.
March 03, 2014, 01:48:42 AM
yes you do make really valid points there, but again who though that bitcoin could go to $1000 in one year when buying at $10 ....
It took $6.8 billion to get from $10 to $500. It would take $63 billion to get to $5000/Bitcoin. A lot of people are counting on Wall St. and institutional investors to make that happen, but $63 billion is A LOT of money, even for Wall St. How likely is it that investors will come up with $63 billion to put into a speculative currency?
March 03, 2014, 01:40:19 AM
RIPPLE tries to introduce the IOU concept from the very beginning, and this is a typical trick to scam customers by traditional financial institutions, so I never looked at it again
March 03, 2014, 01:28:42 AM
Good riddance. Don't let the door hit your ass on the way out. 
You crack me up.
You know he still holds BTC right? No way he sold every single one!
March 03, 2014, 01:25:43 AM
Well, if it can go from zero to $1000+ off the back of a few hundred thousand enthusiasts, scammers and libertarian whack jobs then all bets are off if it gains traction in the wider world.
There are ever increasing rumblings of that being the case.
2014 may not set the world on fire in terms of returns, it is creating the building blocks for the infrastructure it requires to spread far and wide.
There are ever increasing rumblings of that being the case.
2014 may not set the world on fire in terms of returns, it is creating the building blocks for the infrastructure it requires to spread far and wide.
That's the spirit. I only read this far down the thread but these guys are crazy. Don't get me wrong OP, you are set for life from bitcoin and that I respect and admire tremendously. I wish you luck on your future endeavors but I think you missed the mark here.
This post clearly backs up what I was thinking. I know the returns we've seen has been outrageous and most probably wont be seen for a little while but big money has still yet to flow into bitcoin. There wont be a bitcoin 2.0 as bitcoin will change to make sure its stays at the head of the game. it will be a store of value that will only rise over the next 30 years. the protocol will be built upon and rely on the underlying bitcoins to function.
I too sold many coins over the last few years and made a very nice bank account for myself. I was never into finance before this, I now put money into stocks taken care of my retirement and am taking my future seriously.
I still have many btc, mostly offline on paper wallets and I don't plan on touching them for 10 years, if my play works out I plan on having more money then anyone in the bitcoin game has now from bitcoins which I estimate is around 100 million.
Good luck to you OP and +1 gentlemand
March 03, 2014, 01:08:17 AM
Good riddance. Don't let the door hit your ass on the way out.
March 03, 2014, 01:04:46 AM
March 03, 2014, 12:39:13 AM
As for Ethereum, it lacks the elegance of bitcoin and nobody really even understands it.
I try to understand ethereum, but everytime I hear the words "beautiful foundation", it sounds too much marketing for me.
March 03, 2014, 12:06:29 AM
Incredible.
Four pages of discussion on the future of Bitcoin and not a single one of you has made mention of infrastructure progress or worldwide adoption status. That blows me away. Allow me to say this once and for all, to all of you "day traders""
THE ONLY THING THAT MATTERS WHEN IT COMES TO THE FUTURE OF BITCOIN, IS THE INFRASTRUCTURE AND ADOPTION GOING ON AROUND THE WORLD.
Let that sink in. Please.
If you aren't an expert on whats CURRENTLY happening with Bitcoin on a daily basis around the world, then you know *nothing* about Bitcoins future. It doesn't matter how good you think you are with graphs and charts and sweet trading jargon. You know absolutely nothing.
It's always the guys with fewer than 100 posts saying how confident they are that the Gox thing is the end of Bitcoin. You hopped on board when BTC was at $1,000 because you wanted to ride the highs and dips. Make a quick buck. You did very little learning about what Bitcoin is, and as a result you have zero confidence in its future, and no interest in the things which are true predicters of its long term success (adoption/propagation/infrastructure).
Anyone who actually believes that Bitcoin is not going back up, has done zero research on Bitcoin's activity around the world right now. To me its just absolutely insane that there can be 4 pages of discussion on Bitcoin and not a single mention of this. The foundation to the current $550 price is because speculation is going down, and a substantial base is being built. Why didn't Bitcoin die already? How bad can the news get? The whole world thinks Gox *is* Bitcoin and Gox is dead. What lunatic believes that a $550 price after that news is not substantiated by anything?
There is a whole world of Bitcoin adoption going on out there. A whole world of hundreds of startups being created that provide financial services related to the protocol. What are they all going to do? Just drop bitcoin and throw it in the trash? After years of planning and learning the system? Experiencing its benefits and power? You don't understand human psychology at all. Anyone who looks only at the Gox situation, has blinders on. And has absolutely no clue what Bitcoin is doing around the world right now. And no understanding of Sociology, psychology of populations, or marketing.
Mark my words. Bitcoin is going back up. The fact that I even have to say that is astounding. Its so obvious.
This has been my mantra from the start: When I start to see the adoption levels decreasing, and infrastructure falling apart around the world, then I will begin to consider the downturn of Bitcoin. As it stands, adoption levels are at an all time high, and infrastructure is as well. How anyone can poo poo the Wall Street investments coming in the next month via SecondMarket is bewildering to me. "ehhh. might help. im not convinced though". LOL .... wow.
-B-
Four pages of discussion on the future of Bitcoin and not a single one of you has made mention of infrastructure progress or worldwide adoption status. That blows me away. Allow me to say this once and for all, to all of you "day traders""
THE ONLY THING THAT MATTERS WHEN IT COMES TO THE FUTURE OF BITCOIN, IS THE INFRASTRUCTURE AND ADOPTION GOING ON AROUND THE WORLD.
Let that sink in. Please.
If you aren't an expert on whats CURRENTLY happening with Bitcoin on a daily basis around the world, then you know *nothing* about Bitcoins future. It doesn't matter how good you think you are with graphs and charts and sweet trading jargon. You know absolutely nothing.
It's always the guys with fewer than 100 posts saying how confident they are that the Gox thing is the end of Bitcoin. You hopped on board when BTC was at $1,000 because you wanted to ride the highs and dips. Make a quick buck. You did very little learning about what Bitcoin is, and as a result you have zero confidence in its future, and no interest in the things which are true predicters of its long term success (adoption/propagation/infrastructure).
Anyone who actually believes that Bitcoin is not going back up, has done zero research on Bitcoin's activity around the world right now. To me its just absolutely insane that there can be 4 pages of discussion on Bitcoin and not a single mention of this. The foundation to the current $550 price is because speculation is going down, and a substantial base is being built. Why didn't Bitcoin die already? How bad can the news get? The whole world thinks Gox *is* Bitcoin and Gox is dead. What lunatic believes that a $550 price after that news is not substantiated by anything?
There is a whole world of Bitcoin adoption going on out there. A whole world of hundreds of startups being created that provide financial services related to the protocol. What are they all going to do? Just drop bitcoin and throw it in the trash? After years of planning and learning the system? Experiencing its benefits and power? You don't understand human psychology at all. Anyone who looks only at the Gox situation, has blinders on. And has absolutely no clue what Bitcoin is doing around the world right now. And no understanding of Sociology, psychology of populations, or marketing.
Mark my words. Bitcoin is going back up. The fact that I even have to say that is astounding. Its so obvious.
This has been my mantra from the start: When I start to see the adoption levels decreasing, and infrastructure falling apart around the world, then I will begin to consider the downturn of Bitcoin. As it stands, adoption levels are at an all time high, and infrastructure is as well. How anyone can poo poo the Wall Street investments coming in the next month via SecondMarket is bewildering to me. "ehhh. might help. im not convinced though". LOL .... wow.
-B-
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